Fancy your very own Grand Designs home? Humdrum bungalow with stunning views goes up for sale for £2.5m with plan to be re-developed as modern mansion (if you can get permission and have another £1m to pay for it all)

This humdrum bungalow is up for sale for a whopping £2.5m because it overlooks a picturesque beach and has the potential to be a Grand Designs-style home.

The detached two-bedroom bungalow sits above Putsborough Beach in north Devon and has outstanding sea views.

The current owners have used it as a holiday home but have now put it on the market.

Although they have commissioned architects to come up with plans for a luxury two-storey, five-bed house in its place, they have not secured planning permission for it.

So, whoever buys the property will have to obtain building consent first before paying another £1m to build the dream home.

What the bungalow currently looks like next to plans by architects for a luxury two-storey, five-bed house in its place

This humdrum bungalow is up for sale for a whopping £2.5m because it overlooks a picturesque beach

The detached two-bedroom bungalow sits above Putsborough Beach in north Devon and has outstanding sea views

This is what it could look like if its new owner can stump up the £1m needed to overhaul it

Putsborough Beach is next to the popular holiday resort of Woolacombe Beach.. It has good waves for body boarding and lovely rock pools to explore.

The house sits in a frontline clifftop position looking directly down onto the sandy beach, which is just a short stroll away.

It has just 893 sq ft of accommodation with an entrance hall, kitchen, dining room, living room, two bedrooms and a bathroom with separate WC.

It is on a no-through private track and sits in 0.35 of an acre.

A spokesperson for estate agents Stags, who are selling the property, said: ‘This is an increasingly rare opportunity to acquire a prime redevelopment site which, quite simply, enjoys one of the best sea views in Devon. 

Pictured is the inside of the two-bed bungalow, which has stunning views of the Devonshire coast 

Inside, one of the bedrooms looks directly out onto Putsborough Beach, an idyllic sandy beach

Pictured is the stunning view from close to where the bungalow is based in north Devon

‘Magnolia is located in a fabulous position, from where the most magnificent coastal and sea views may be enjoyed.

‘The existing bungalow has been in the same family’s ownership for many years and has been used for family holidays but has become surplus to requirements.

‘Properties seldom change hands in this most exclusive stretch of coastline and the opportunity is not only to purchase a property, but to design and build a replacement ‘Grand Design’ residence to occupy and enjoy for generations to come.

‘There is a design for a potential replacement dwelling, commissioned by the existing vendors. This does not have consent but is provided to give an idea as to what could potentially be achieved.’

The property is being sold by informal tender and sealed bids must be submitted by April 26 at noon.